Description
This 27-unit multifamily investment presents a value-add opportunity in the growing Calallen/Northwest Corpus Christi submarket. The property consists of three buildings with a diversified unit mix of (12) 1-bedroom units, (14) 2-bedroom units, and (1) 3-bedroom unit, catering to a broad tenant base. The asset is currently operating at approximately 70% occupancy (as-is), providing immediate upside through lease-up and operational optimization. Based on the current rent roll, the property generates $16,257 in monthly gross rent. In addition to the existing multifamily improvements, the offering includes ±1 acre of undeveloped commercial land, creating optionality for future development, expansion, or alternative income strategies. Income figures reflect the current as-is condition per the provided Excel rent roll, allowing investors to implement their own renovation, repositioning, or management strategy to drive increased cash flow and long-term appreciation.
-
0BEDS
-
2.16ACRES
-
0BATHS
-
01/2 BATHS
-
20,099SQFT
-
$90$/SQFT
School Information
Description
This 27-unit multifamily investment presents a value-add opportunity in the growing Calallen/Northwest Corpus Christi submarket. The property consists of three buildings with a diversified unit mix of (12) 1-bedroom units, (14) 2-bedroom units, and (1) 3-bedroom unit, catering to a broad tenant base. The asset is currently operating at approximately 70% occupancy (as-is), providing immediate upside through lease-up and operational optimization. Based on the current rent roll, the property generates $16,257 in monthly gross rent. In addition to the existing multifamily improvements, the offering includes ±1 acre of undeveloped commercial land, creating optionality for future development, expansion, or alternative income strategies. Income figures reflect the current as-is condition per the provided Excel rent roll, allowing investors to implement their own renovation, repositioning, or management strategy to drive increased cash flow and long-term appreciation.